Managers of Wealth Middle East -Wealth, private banking and asset management news and opinion

New UAE Governments Net Zero 2050 Charter to drive collective climate action

The charter was signed on the sidelines of the UAE Cabinet meeting held on March 6

More GCC green energy projects set to tap into capital markets for financing, S&P says

Solar projects are 'more predictable' and carry lower operational risk than other power-generating assets, rating agency says

GCC investments in renewables to rise as governments race to meet climate targets

Solar generation is preferred renewable technology as conditions are conducive, says S&P

Saudi Arabia’s Ma’aden and Bahrain’s Alba explore ways to strengthen cooperation in ESG

During the meeting, which also had the attendance of Alba’s executives and Deputy CEO Abdulaziz Al Harbi, both companies discussed the possibility of potential cooperation upstream and supply-chain opportunities.

Energy industry’s methane emissions surge to near record despite supply concerns, IEA says

The sector accounts for about 40% of the total discharge attributable to human activity

Saudi Tadawul Group signs deal to implement ESG framework in capital market

This was disclosed by the group’s CEO Khalid Al-Hussan on Monday.

Sharjah Sustainable City wins top awards at prestigious International Property Awards in London

Awarded the 'Best International Sustainable Residential Development' and the 'Best Sustainable Residential Development Arabia'

Abu Dhabi to deploy laser-based technology to measure vehicle emissions

The three-week study will detect and quantify emissions from moving vehicles in real time at six locations in Abu Dhabi

The UAE has been a first mover on sustainability

Although the term didn't enter our discourse until the 1980s, it has always been at the heart of the country's development plans

Clean Energy: The key to economic and environmental resilience

As businesses face both mounting energy costs and pressure to conduct more sustainable operations, renewable energy should take centre stage as we fight to conserve our resources and economies

First climate change readiness index launched for MENA region

The new index also offers scorecards to assist governments, investors, and citizens in tracking their performance relative to the global benchmarks on as much as 37 quantitative and qualitative indicators of global warming readiness.

ESG due diligence on the rise in the mergers & acquisitions scene

Overall, four out of five dealmakers told the firm that ESG considerations are now firmly on their M&A agenda.

UAE’s Emirates completes engine ground testing with 100% sustainable aviation fuel

The ground test results will pave the way for the airline’s first experimental test flight using 100 per cent SAF in one engine, which is due for take off this week

UAE to set up first food-grade plastic recycling facility

The 12,000 tonnes per annum polyethylene terephthalate recycling plant has been earmarked for Abu Dhabi

Mena region has immense potential to generate renewable energy

The region is especially affected by climate change because it is warming twice as fast as the rest of the world

UAE, US form bilateral expert group to lead clean energy partnership

UAE and US officials announced on Sunday that $20 billion will be set aside to fund 15 new gigawatts of clean and renewable energy projects in the US by 2035, led by Abu Dhabi’s renewable energy firm Masdar and US private investors.

World can no longer delay commitment to climate action: Majid Al Suwaidi

Al Suwaidi said that COP28 is one of the greatest responsibilities UAE has undertaken

Abu Dhabi’s Masdar signs memorandum with Dutch companies to develop green hydrogen supply chain

The parties will also examine various hydrogen transportation methods, with a particular emphasis on liquid organic carriers and liquid hydrogen.

COP28 UAE: Dr Sultan Ahmed Al Jaber named President-Designate

The UAE will host the annual climate summit at Expo City, Dubai, from November 30 – December 12

Saudi, UK ministers discuss clean hydrogen, renewable energy cooperation

The meeting was held on the sidelines of the Future Minerals Forum, which is being held in the Saudi capital from Jan. 10 to 12.

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